In 2023, Teck Resources completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Teck Resources has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 863,000a | 763,000a | 841,000a | |
Total Scope 2 | ||||
Market-Based | 611,000a | 119,000a | 71,000a | |
Location-Based | 318,000a | 210,000a | 287,000a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 3,400,000a | 2,490,000a | 69,000,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 76.1115a | 59.6377a | 83.253a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Teck Resources amounted to 1,181,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Teck Resources increased by 21.38%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Teck Resources were 863,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Teck Resources's Scope 1 emissions have decreased by 71.35%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2022), Teck Resources's Scope 1 emissions increased by 13.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Teck Resources reported Scope 2 greenhouse gas (GHG) emissions of 611,000 tCO₂e using the market-based method and 318,000 tCO₂e using the location-based method.a
Compared to the previous year (2022), Teck Resources's Scope 2 emissions (Location-Based) rose by 51.43% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Teck Resources reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Teck Resources reported 3,400,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Teck Resources includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Teck Resources reported total Scope 3 emissions of 3,400,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 49.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.21% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Teck Resources's Scope 3 emissions have decreased by 95.34%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2022), Teck Resources's Scope 3 emissions increased by 36.55%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Teck Resources reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2023, the largest contributors to Teck Resources's Scope 3 emissions were:a
In 2023, Teck Resources reported Scope 1 greenhouse gas (GHG) emissions of 863,000 tCO₂e and total revenues of USD 11,339 millions. This translates into an emissions intensity of 76.11 tCO₂e per millions USD.a
In 2023, Teck Resources reported a Scope 1 emissions intensity of 76.11 tCO₂e per millions USD. Compared to the peer group median of 180.25, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Teck Resources ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Teck Resources is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Teck Resources reported a total carbon footprint of 4,581,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.28% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Teck Resources's total carbon footprint was Scope 3 emissions, accounting for 74.22% of the company's total carbon footprint, followed by Scope 1 emissions at 18.84%.a